Saturday 20 January 2018

Thomas Molloy: Time we had some balanced debate on bankers' bonuses

David Hodgkinson, executive chairman of AIB
David Hodgkinson, executive chairman of AIB
Thomas Molloy

Thomas Molloy

NEWS that executives at Allied Irish Banks are trying to engineer higher salaries just years after the bank helped destroy this country's finances is sure to anger most citizens.

The anger directed towards the executives who did so much to damage Ireland Inc is well justified, but is it not unreasonable to blame the men and odd woman who have been charged with cleaning that mess up?

There has been a clean sweep within the top echelons of most of the banks and most senior executives were appointed after the financial crisis. Some of them have done a good job restoring their banks' fortunes while others have struggled.

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